Plus EV Blog

New large shopping malls attest to Malaysia’s economic growth. The country fared better than its neighboring countries. The Malaysian consumer’s shopping lifestyle is changing. They are more sophisticated. Consumers are growing more confident with spending.

Malaysian Consumers

Consumer expenditure reached MYR 530.6 billion in 2013. The projected retail sales in 2016 will amount to $124.55 billion U.S.

The Malaysia Retail Industry Report said that retail sales grew 4.6% in 2015.

The economic growth was driven by large shopping malls. Majority of consumers have developed a taste of premium goods. They are willing to spend to show status or wealth.